6422 Highway 98 UNIT 404Panama City BeachFL32407
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Panama City Beach at 6422 Highway 98 UNIT 404, Panama City Beach, FL, 32407 generates $2,993/mo in rent, after a $2,031/mo payment. Total monthly income is $2,993/mo. Return on cash invested sits at 11.62% in year one, and rental yield is 8.65% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 62.74% and total cumulative return in cash sums $86,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,993/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$3,449 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32407, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,951 (100%) |
| Owner Occupied HU | 3,651 (26.2%) |
| Renter Occupied HU | 4,348 (31.2%) |
| Vacant Housing Units | 5,952 (42.7%) |
| Median Home Value | $449,782 |
| Average Home Value | $483,329 |
Housing Distribution
Address Breakdown
Residential
10,160
Single Family
6,283
Multi-Family
3,877
Businesses
760
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Listed by: Beau Blankenship • Christies International Real Estate Emerald Coast
Mls Name: CPAR
Mls Provider:
Mls ID: #778433
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.